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[ad_1] Venture funding fell in 2023 as investors took uncertain macroeconomic conditions into account and doubled down on due diligence. Global venture funding in 2023 stood...
[ad_1] Bill Crager will step down as chief executive of wealth tech company Envestnet on March 31. Crager was CEO for 24 years and plans to...
[ad_1] James Gorman engineered a transformation of Morgan Stanley with wealth management at its core following its near collapse during the 2008 financial crisis. Gorman, 65,...
[ad_1] Investment banking behemoth Goldman Sachs ramped up technology investment while pulling back on retail banking operations during the fourth quarter. The $538 billion bank’s communication...
[ad_1] Banks and wealth management firms owned by banks are desperate to grow by courting wealthy Americans. But a new report suggests that most of them...
[ad_1] Wealthtech giant Envestnet is reportedly exploring the sale of its data aggregation subsidiary Yodlee as it aims to refocus strategic operations. A potential sale, first...
[ad_1] Opinions expressed by Entrepreneur contributors are their own. It is no secret that many people are struggling to get through these current economic times, but...
[ad_1] “I think if we had really focused on leveraging into multiproduct relationships, we’d see a different profitability model now,” RBC Chief Executive Dave McKay says...
[ad_1] Financial institutions are deploying investment technology in a bid to stop customers from withdrawing funds from their accounts and depositing them elsewhere. According to an...
[ad_1] Bank of America’s private bank leads in digital adoption, with 92% of its clients using digital capabilities. The private bank has the “highest level of...
[ad_1] Huntington Bancshares, which reported a 4% increase in noninterest expenses between July and September, is forecasting a 4%-5% increase in the fourth quarter, and for...
[ad_1] Morgan Stanley on Wednesday said its third-quarter profit fell 10% amid weakness in its investment banking business, but its trading and asset-management revenue rose. Morgan...
[ad_1] Goldman Sachs increased its investment in tech in the third quarter amid headcount reductions to boost operational efficiency and cost savings. The $2.6 trillion investment...
[ad_1] JPMorgan Chase has agreed to inform law enforcement when its customers are identified as being involved in human trafficking, according to the Department of Justice...
[ad_1] UBS Group AG this week eliminated about a dozen jobs in its US investment bank as part of its integration of Credit Suisse, according to...
[ad_1] City National Bank, which since 2015 has been a unit of Royal Bank of Canada, reported a $38 million loss last quarter.Adobe Stock It’s been...
[ad_1] New York — Bank of Montreal’s automated savings program adoption is growing and the bank is on track for a 600% return on investment rate...
[ad_1] Spend management fintech Ramp raised $300 million on Aug. 22 to fuel its product expansion aims. The series D funding round has given the...
[ad_1] BNY Mellon technology arm Pershing X is collaborating with cloud-based software provider Salesforce to automate data exchange for a unified platform for wealth management firms....
[ad_1] Wells Fargo overcharged nearly 11,000 accounts about $26.8 million in advisory fees from 2002 to 2022, the SEC said. The problem was said to have...